Jamaica Economic Outlook

November 6, 2018

The economy accelerated in the second quarter thanks to strong performances from the agriculture and extractive sectors. Looking at Q3, the economy appeared to perform fairly well, with the unemployment rate falling to a multi-year low in July and consumer confidence reaching a record high in the quarter. Moreover, tourist arrivals expanded robustly through September. Meanwhile, in late October, it was reported that the government is looking into privatizing some of its assets to strengthen the fiscal position, and a shortlist is expected to be finalized before the end of Q1 2019.

Jamaica Economic Growth

The economy accelerated in the second quarter thanks to strong performances from the agriculture and extractive sectors. Looking at Q3, the economy appeared to perform fairly well, with the unemployment rate falling to a multi-year low in July and consumer confidence reaching a record high in the quarter. Moreover, tourist arrivals expanded robustly through September. Meanwhile, in late October, it was reported that the government is looking into privatizing some of its assets to strengthen the fiscal position, and a shortlist is expected to be finalized before the end of Q1 2019.

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